Regulations for crypto currencies - page 2.

matjas

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Quote from: towi078 on October 17, 2021, 05:54:29 AM

Regulatory issues for cryptocurrency have actually been around for a long time. In fact, it was several years ago. But it seems, in the past year or so, it has become a serious topic of discussion in several countries. And it seems, some countries will soon implement it. What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized? What do your friends think here? Please share, hopefully this can add insight for all of us 😊🙏

Crypto has been a threat for some countries for some time now and will continue to be. We have to know that USA will do anything to protect their dollar, which is still a major currency when it comes to trading around the world. They certainly don’t want to lose their monopoly to any other currency. Same goes with China and their market share, I don’t think we will ever see acceptance from most powerful countries.

velive08

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for countries that have legalized Crypto of course they already have regulations about it, for example El Salvador, they are the first country to legalize crypto in their country and of course government regulations on crypto have been applied to their citizens.
I think countries that want to publish regulations on crypto should be able to adopt from the country of El Salvador

bonyaserg

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For me personally, it is not yet entirely clear what rules are needed for the entire cryptocurrency. But at first glance, we can say that the rules are definitely needed, since the well-being of all cryptocurrency holders depends on it. And at the moment, each country already has its own laws on the use of cryptocurrency. I believe that you just need to be aware of all the events and not miss the news about the further development of the cryptoindustry.

jeungo

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The majority of banks and world economies will keep their neutrality, recognize this as a form of resource, but will not provide full support, this is obvious. Why lose the money-making cow leash, the printing press. World banks will start making their digital money, transferring it to the area of virtual money, moving away from a real printing press to virtual emission.

RussianEnglishTranslation

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Quote from: towi078 on October 17, 2021, 05:54:29 AM

Regulatory issues for cryptocurrency have actually been around for a long time. In fact, it was several years ago. But it seems, in the past year or so, it has become a serious topic of discussion in several countries. And it seems, some countries will soon implement it. What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized? What do your friends think here? Please share, hopefully this can add insight for all of us 😊🙏

You can avoid regulation, and tax on crypto if you trade on decentralized exchanges like Ref Finance then swap your coins for stablecoins like USDC on a lending platform like Burrow. Eventually stablecoins like USDC will be accepted by all retailers and will work the same as fiat on all mastercard and visa cards. If you take a loan you didn't sell anything, so there was not trade and there is no tax.

Ziskinberg

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Quote from: Stedsm on November 20, 2021, 12:39:32 PM

It's definitely going to snatch away the freedom of keeping your transactions to yourself while you're bound to show everything in the books once regulations are implemented, so for the Governments to start levying taxes. Just like israt1@ said, complete decentralization can never be achieved as it wasn't in full even before crypto was in talks. Though things get centralized, it's in the good for crypto because without the country-wide support for crypto, we won't be able to achieve the goals that was set by Satoshi, to make crypto available and easy to use as well as friendly for anyone in this world.

Although we can't be hopeless seeing the market will totally consider as a form of currency but somehow, the situation is changing a lot especially when the government will become strongly attached to the crypto world. Now that they have the interest in regulating the market and tracking our transactions, the more chances of losing the anonymity feature that crypto has.
Like those countries who legalize Bitcoin now, let see what is going to happen with them. For now, we can't just say bad to it unless we are witnessing bad things happen to them first as this will possibly going to happen in the other country as well.

Woodie

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Rollbit.com ⚔️Crypto Futures

The issue with cryptocurrencies is that people are believing in them more now than ever before and the idea of talking about them more now is to get legal clarity about them and to know the safety of their investments should they decide to invest much more. And OP is right regulatory talk as always been there but its now that more countries are now giving these cryptos the recognition they deserve, and btw not all countries have been welcoming to this topic so its just fair that we are on the look out.

RealMalatesta

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Quote from: UDONNA on November 21, 2021, 02:02:50 PM

No matter how unpleasant it is for all crypto-investors, control and management of all financial flows is one of the main functions of each state. The volume of cryptocurrency transactions is increasing every year, which forces governments to monitor them more closely. I still hope this is done for both fraud protection and tax control purposes)
" C'est la vie) "

That could be true and yes if the governments banned it then the price would fall and everything would be a lot harder. However the good thing about bitcoin (and all crypto) is the fact that we could literally do whatever we want without worrying about what the government says or thinks.

It means the traders and investors would end up losing a lot of money but that doesn't mean that we should be forced to stop neither. I mean even if every single nations bans it, we could still use it and they would have no way to stop it. Sure the price would plummet incredibly, probably be few hundred dollars at most if they all decide to ban it together, but we know it will not be banned by everyone.

UDONNA

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Quote from: btcltcdigger on November 20, 2021, 04:54:20 PM

Quote from: towi078 on October 17, 2021, 05:54:29 AM

Regulatory issues for cryptocurrency have actually been around for a long time. In fact, it was several years ago. But it seems, in the past year or so, it has become a serious topic of discussion in several countries. And it seems, some countries will soon implement it. What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized? What do your friends think here? Please share, hopefully this can add insight for all of us 😊🙏

Yeah many countries are trying to regulate crypto. But don't be fooled, it's not "to protect the users from scams", it's mainly to see how they can extract as much tax as possible from crypto holders

No matter how unpleasant it is for all crypto-investors, control and management of all financial flows is one of the main functions of each state. The volume of cryptocurrency transactions is increasing every year, which forces governments to monitor them more closely. I still hope this is done for both fraud protection and tax control purposes)
" C'est la vie) "

TheGreatPython

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Quote from: UDONNA on November 20, 2021, 03:44:57 PM

The more valuable cryptocurrencies become and the more people are involved in crypto investing, the stronger government regulation will become. In our world, complete decentralization in the financial area is simply not possible.

This is the reason I am always expecting that crypto regulation might come into exist on day or other because the popularity of cryptocurrencies will trigger government to go for it. The best solution must be we need to go by continuously sticking only with decentralized environment or else we need to get ready for accepting all the regulations of government so that we will not get any interruption in our crypto life.

At the same time I'm not expecting all the governments will be negative against cryptocurrencies with their regulations but most countries main take a stand of neutral against cryptocurrencies which is more than enough for making use of the cryptos at its best.

btcltcdigger

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To boldly go where no rabbit has gone before...

Quote from: towi078 on October 17, 2021, 05:54:29 AM

Regulatory issues for cryptocurrency have actually been around for a long time. In fact, it was several years ago. But it seems, in the past year or so, it has become a serious topic of discussion in several countries. And it seems, some countries will soon implement it. What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized? What do your friends think here? Please share, hopefully this can add insight for all of us 😊🙏

Yeah many countries are trying to regulate crypto. But don't be fooled, it's not "to protect the users from scams", it's mainly to see how they can extract as much tax as possible from crypto holders

UDONNA

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The more valuable cryptocurrencies become and the more people are involved in crypto investing, the stronger government regulation will become. In our world, complete decentralization in the financial area is simply not possible.

Stedsm

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It's definitely going to snatch away the freedom of keeping your transactions to yourself while you're bound to show everything in the books once regulations are implemented, so for the Governments to start levying taxes. Just like israt1@ said, complete decentralization can never be achieved as it wasn't in full even before crypto was in talks. Though things get centralized, it's in the good for crypto because without the country-wide support for crypto, we won't be able to achieve the goals that was set by Satoshi, to make crypto available and easy to use as well as friendly for anyone in this world.

israt1@

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Your idea is true. Several countries are planning to do their transactions in cryptocurrency. El Salvador has officially introduced cryptocurrency transactions in their country. However, many states are interested in implementing it.It is hoped that with the introduction of this transaction system in a few more countries, Crypto will become more popular in the market.

goinmerry

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Quote from: towi078 on October 17, 2021, 05:54:29 AM

Regulatory issues for cryptocurrency have actually been around for a long time. In fact, it was several years ago. But it seems, in the past year or so, it has become a serious topic of discussion in several countries. And it seems, some countries will soon implement it. What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized? What do your friends think here? Please share, hopefully this can add insight for all of us 😊🙏

Since that was already starting and happening in some parts of the globe, expect in the future that crypto will be regulated more.

Fully Decentralized can't really be achieved and that's the reality. We just need to be used to it and slowly adopt the change. The government may have a bad impression on others but also think about why they implement or consider doing that way.

whiteblue

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Quote from: towi078 on November 19, 2021, 01:54:10 AM

Surely it is the hope of all of us, whatever the form, the government will not get too involved in making regulations for crypto. So that it does not damage the characteristics of crypto currency, and makes it easier for crypto adoption more broadly

If indeed it can work and is true as you say, then it will be very good for the cryptocurrency space and also good for cryptocurrency users because if the government gets involved in cryptocurrencies there will definitely be taxes for everything.

dataispower

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Some countries have already endorse the adoption of cryptocurrency for possible exchange transaction's that can Liga for massive control adoption, now cryptocurrency everyone knows very well that is a decentralized currency and been marginalize or regulate just as simple as we may think, is not possible. Let us look at another futures.

towi078

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Quote from: FanEagle on November 06, 2021, 01:18:32 PM

Quote from: towi078 on October 17, 2021, 05:54:29 AM

What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized?

The regulation of cryptocurrencies will be possible without affecting the basic natures of cryptocurrencies. Yeah, I am sure there will be possible regulations in a way without affecting the decentralized nature of cryptocurrencies. We cannot expect the same way how government is regulating corporate and other organisation but they must need to take different stand against the cryptocurrencies so that it will serve its real purposes to the people.

There will be no point of regulating cryptocurrencies by removing its all basic characteristics instead of doing like that then government can go for their own digital currency because after removing out all the basic characteristics of cryptocurrencies it will remain like fiats but in digital form.

Surely it is the hope of all of us, whatever the form, the government will not get too involved in making regulations for crypto. So that it does not damage the characteristics of crypto currency, and makes it easier for crypto adoption more broadly

towi078

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Quote from: Japinat on October 29, 2021, 05:30:22 AM

Quote from: Quantum907 on October 29, 2021, 01:45:39 AM

Currently crypto is too free to make it easy for anyone to make coins or tokens, unfortunately because it is too easy to make tokens or coins it is widely used for scam projects, strict regulation is needed to ensure that projects are not used for criminal acts.

If there's an agency that would require approval before anyone who owns could go for public sale I think it's still not good for the entirety of the crypto market, why? because crypto is supposed to be decentralized, no one should stand as 3rd party before transactions could happen, and with an agency, it will only make things harder for a small capitalist who would like to try their business model by seeking help from the public.

I think like an investor, it's our responsibility to carefully evaluate the project before we invest, authorities should only come later if the team who runs the public sale messed up or scam the investors.

As long as it's within the limits you mentioned, I personally agree with the regulations. Whatever the form, and not to the point of destroying the decentralization of crypto itself. Regarding prudence in making choices in investing, I think it is mandatory for us as investors. Because whatever the conditions, we all want our investment to be safe

the ghabbar

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Quote from: towi078 on November 13, 2021, 06:36:04 AM

If we look at it from the other side, where today, it seems that there are more and more fraudulent attempts under the guise of crypto. It seems that regulation is indeed necessary, as long as the goal is truly to protect the public

There have been quite a few scams in the name of crypto from the past, but for people who are familiar with crypto, they are not too affected, regulations are made not only for fraud, but regulations are needed to legalize crypto to grow and develop in the midst of a society that is increasing actively participating in it, many advantages obtained in crypto, so regulation is needed to regulate it.

Topic: Regulations for crypto currencies - page 2. (Read 960 times)